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EMA swing system

  • #1
  • First Post: Edited Aug 17, 2012 11:19am Aug 15, 2012 1:11pm | Edited Aug 17, 2012 11:19am
Hello all traders,
I would like introduce you simple system.

When EMA34 cross over EMA204 and go back to EMA34 or EMA204, then

  1. BUY - EMA34 above EMA204
  2. SELL - EMA34 under EMA204
  3. Both EMAs are close price

IMPORTANT!!

 

  1. Only first touch of EMA after cross is valid, other maybe.
  2. Only GBP/USD.
  3. Only 5min TF.
  4. Trade only UK and US session, so you can start looking for a signal 1 hour before session.

SL below last low/above last hi. TP=2xSL, Pivots.

It isnīt Holly Grail, so allways use sl and MM, guard your profits. Use BE when you are at profit 1xsl.

Please try and lets know other traders, if you have any idea how to improve this system, post it. Share your trades!

Would be welcommed if anyone can programm EA.

update:
see post #21

have a nice day petras


All trades which you make according to this system are under your risk. This system is not Holly Grail and have to be practised on demo account.

Attached Image (click to enlarge)
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  • #2
  • Aug 15, 2012 4:42pm Aug 15, 2012 4:42pm
Quoting petras
Hello all traders,
I would like introduce you simple system.

When EMA34 cross over EMA204 and go back to EMA34 or EMA204, then

  1. BUY - EMA34 above EMA204
  2. SELL - EMA34 under EMA204

IMPORTANT!!
[list][*]Only first touch of EMA after cross is valid, other maybe.[*]Only GBP/USD[*]Only 5min...

why 34 and 204?any reasons behind that?
  • #3
  • Aug 15, 2012 6:21pm Aug 15, 2012 6:21pm
Quoting iamcereal
why 34 and 204?any reasons behind that?
Hi, thanks for your question, I can answer you only in czech language for now, tomorow I will translate it.

Lets see this link:
http://www.financnik.cz/komodity/fin...34-ema204.html

bye
  • #4
  • Aug 15, 2012 11:16pm Aug 15, 2012 11:16pm
possible trade, lets see how will it go...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd forecast-2012-08-16.gif Size: 28 KB
  • #5
  • Aug 16, 2012 1:08am Aug 16, 2012 1:08am
There is big support so I took half position and second half set to BE
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 2012-08-16.gif Size: 26 KB
  • #6
  • Aug 16, 2012 1:16am Aug 16, 2012 1:16am
trade won
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 2012-08-16 ok.gif Size: 27 KB
  • #7
  • Aug 16, 2012 1:16am Aug 16, 2012 1:16am
bloody pagol o sagol.
  • #8
  • Aug 16, 2012 1:18am Aug 16, 2012 1:18am
Quoting goldfinger
bloody pagol o sagol.
what please? translate it to english
  • #9
  • Aug 16, 2012 1:38am Aug 16, 2012 1:38am
Quoting petras
possible trade, lets see how will it go...
petras,

In this trade you didn't wait for price to retrace back to 34 or 204 ema.

How do you decide when to wait for pull back and when just take trade as it goes, please?

Thank you.
  • #10
  • Aug 16, 2012 1:42am Aug 16, 2012 1:42am
Quoting Knez
petras,

In this trade you didn't wait for price to retrace back to 34 or 204 ema.

How do you decide when to wait for pull back and when just take trade as it goes, please?

Thank you.
Hi, yes I wait to retrace to EMA34, you can see it on the picture. Obviously I wait for retracement to EMA34, sometime price go to EMA204 so I make the second order.
  • #11
  • Aug 16, 2012 1:57am Aug 16, 2012 1:57am
Quoting petras
Hi, yes I wait to retrace to EMA34, you can see it on the picture. Obviously I wait for retracement to EMA34, sometime price go to EMA204 so I make the second order.
petras,

would you be so kind and explain your today entry on the chart, please?

where was cross 34/204 .... where was retrace, and why entry at the level you have enter the trade?

Thank you.
  • #12
  • Aug 16, 2012 2:05am Aug 16, 2012 2:05am
Quoting Knez
petras,

would you be so kind and explain your today entry on chart, please?

where was cross 34/204 .... where was retrace, and why entry at the level you have enter the trade?

Thank you.
cross of emas + retracement
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 2012-08-16.gif Size: 40 KB
  • #13
  • Aug 16, 2012 2:09am Aug 16, 2012 2:09am
Quoting petras
cross of emas + retracement

Thank you.
  • #14
  • Edited 2:31am Aug 16, 2012 2:17am | Edited 2:31am
Quoting Knez
Thank you.



This is very simle system, which have to be practised on demo.

All of as were looking for system which is nice for eye, very much indicators and no one can see the price. You have to see price if want to be succesfull. Follow trend, price action, rules and MM.

Important note: If we are waiting for price to retrace we do not overtrade ...
  • #15
  • Aug 16, 2012 2:48am Aug 16, 2012 2:48am
now is forming other signal, but there is high risk to retrace to EMA204
  • #16
  • Aug 16, 2012 2:49am Aug 16, 2012 2:49am
Hi petras,

You wrote:

IMPORTANT!!

 

  1. Only first touch of EMA after cross is valid, other maybe.
  2. Only GBP/USD.
  3. Only 5min TF.
  4. Trade only UK and US session.


Your last trade wasn't in UK or US session !?

  • #17
  • Aug 16, 2012 2:52am Aug 16, 2012 2:52am
Quoting elbuitre
Hi petras,

You wrote:

IMPORTANT!!

 

  1. Only first touch of EMA after cross is valid, other maybe.
  2. Only GBP/USD.
  3. Only 5min TF.
  4. Trade only UK and US session.


Your last trade wasn't in UK or US session !?

Yes, the last trade were in UK session.
  • #18
  • Aug 16, 2012 2:56am Aug 16, 2012 2:56am
Quoting petras
Yes, the last trade were in UK session.
UK session has opened 56 minutes ago...
  • #19
  • Aug 16, 2012 3:00am Aug 16, 2012 3:00am
Quoting elbuitre
UK session has opened 56 minutes ago...
What can I say you about it? You cant strictly stick the time, so start looking for a signal 1hour before opening. Practise this system, look back the chart /papertrade/ and you will see. There was signal so I took them. I have no good experience with trading asian session.
  • #20
  • Aug 16, 2012 3:13am Aug 16, 2012 3:13am
Quoting petras
what please? translate it to english
It means Crazy and Fool in Bangla. I for one, totally disagree with him. Your system looks fine to me and with strong MM + discipline, it should produce positive results. I wish you all the best.

In the other hand Mr. Goldfinger, its totally a cowardice act to make bad comments in another language in a English forum. You have something to say that helps us, step up and say it.
" The fool who never traded Demo "
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